V
Seller's Agent in 2021
Vernon Lilly
EXIT True Design Realty LLC
(773) 802-7744
3 in this area
19 Total Sales
451 E 111th St Chicago, IL 60628
Roseland NeighborhoodEstimated Value: $419,517
20
Beds
12
Baths
--
Sq Ft
6,520
Sq Ft Lot
Highlights
- Corner Lot
- 1-minute walk to Pullman/111Th Street Station
- 2-minute walk to Pullman (George) Park
- Forced Air Heating and Cooling System
About This Home
As of June 2021This property is a potential MONEYMAKER, presently has six rented apartment at $700 per month ( No increase in 4 years KA-CHING ! MOMEYMAKER) the seven and first Section 8 rental, is renting for $1000 a month. An increase of $300.00 per unit potential (Ka-Ching). The eighth apartment is almost finished as a 3 bedroom and will rent for $1,200.00 per month. There's also a Tavern that is license until September 2021 no lease (Ka-Ching), a Real Estate Office and a Banquet Room. You just a half a block from the IC it's on the Bus line two blocks from Historical Pullman just waiting on your ideas owner is a Real Estate Broker and in the process of retiring price to sell quickly (Ka-Ching, Ka-Ching)
Last Agent to Sell the Property
EXIT True Design Realty LLC License #471011774 Listed on: 03/31/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,063
Year Built
- Built in 1900
Lot Details
- 6,520 Sq Ft Lot
- Lot Dimensions are 50 x 125
- Corner Lot
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Reflective Roof
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Unfinished Basement
- Exterior Basement Entry
Bedrooms and Bathrooms
- 20 Bedrooms
- 12 Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Heating System Uses Gas
- 100 Amp Service
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat
Community Details
Overview
- 10 Units
Building Details
- Electric Expense $1,503
- Insurance Expense $7,099
- Maintenance Expense $3,000
- Other Expense $2,000
- Trash Expense $2,604
- Water Sewer Expense $3,481
- Operating Expense $42,450
- Gross Income $92,400
- Net Operating Income $43,363
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 31, 2021
Closed on
Jun 29, 2021
Sold by
Chicago Title Land Trust Company
Bought by
Lemon Rehabs Llc
Seller's Agent
Vernon Lilly
EXIT True Design Realty LLC
Buyer's Agent
Dominique Brown
Baird & Warner
List Price
$335,000
Sold Price
$345,000
Premium/Discount to List
$10,000
2.99%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,517
Avg. Annual Appreciation
4.62%
Original Mortgage
$258,750
Outstanding Balance
$234,776
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$184,742
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lemon Rehabs Llc | $345,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lemon Rehabs Llc | $258,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/29/2021 06/29/21 | Sold | $345,000 | +3.0% | -- |
| 04/01/2021 04/01/21 | Pending | -- | -- | -- |
| 03/31/2021 03/31/21 | For Sale | $335,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $14,905 | $71,300 | $5,010 | $66,290 |
| 2023 | $14,538 | $70,474 | $2,756 | $67,718 |
| 2022 | $14,538 | $70,474 | $2,756 | $67,718 |
| 2021 | $6,957 | $34,500 | $2,755 | $31,745 |
| 2020 | $13,604 | $60,916 | $2,755 | $58,161 |
| 2019 | $12,271 | $60,916 | $2,755 | $58,161 |
| 2018 | $12,063 | $60,916 | $2,755 | $58,161 |
| 2017 | $9,696 | $44,941 | $2,254 | $42,687 |
| 2016 | $9,023 | $44,941 | $2,254 | $42,687 |
| 2015 | $8,256 | $44,941 | $2,254 | $42,687 |
| 2014 | $10,287 | $55,307 | $2,254 | $53,053 |
| 2013 | $8,034 | $44,068 | $2,254 | $41,814 |
Source: Public Records
Agents Affiliated with this Home
-
Vernon Lilly
-
Dominique Brown
Buyer's Agent in 2021
Dominique Brown
Baird Warner
(708) 910-8834
3 in this area
12 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11037496
APN: 25-22-202-007-0000
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